Tuesday, March 3, 2009

Two decent trades today

My first trade was a gap fade on DIA. I wimped out and got out before it met its target for a decent (1.4R) gain.

The rest of the day was pretty choppy so I stayed out and traded EQ's narrow 30 minute candle. I placed a stop above the candle (orange dotted line) with plans to sell at the lows of the day near the close. I wimped out on this one two as price moved up and I jumped out. If I would have held until the end of the day I would have made 3.32R. I made about half that.

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